Vacant QSR - Former Taco John's

Highlights

• HIGH TRAFFIC COUNTS - Strategically located along a bustling major thoroughfare with excellent visibility and access, the site benefits from exposure to over 20,000+ vehicles per day. U.S. Route 59, which serves over 10,516 vehicles daily, and Highway 23, with 9,723 vehicles per day, intersect near the property. Highway 23 is Minnesota’s second-longest state route, spanning from the southwest to the northeast, indirectly connecting key areas such as Duluth and Sioux Falls, SD, and serving regional hubs including St. Cloud, Willmar, and Marshall. This prime location ensures a steady flow of commuter and local traffic, enhancing the property’s visibility.
• NEIGHBORING NATIONAL TENANTS - This property is positioned in a prime retail corridor surrounded by well-established national tenants. Located near major retailers such as Walmart, Menards, and Runnings, the site is also in proximity to popular dining options including McDonald's, Taco Bell, Subway, and Dairy Queen. Other notable neighbors include Starbucks, Caribou Coffee, Domino's Pizza, Hardee's, and Culver's. This thriving commercial area ensures strong foot traffic and visibility, making it an ideal location for any business.
• ATTRACTIVE LOCATION - Marshall is the headquarters of the Schwan Food Company and the home of Southwest Minnesota State University (SMSU). The site is right next to SMSU with a 6,500+ student population. Schwan employs about 1,500 people in Marshall. The city is 150 km (93 mi) northeast of Sioux Falls, South Dakota, and 238 km (148 mi) southwest of Minneapolis.
• REDEVELOPMENT OPPORTUNITY - Excellent chance for a new tenant to take advantage of cost savings with an already existing restaurant. Redevelopment often requires fewer resources and expenses compared to new construction, as the basic structure and infrastructure already exist. This can result in lower overall project costs, including materials, labor, and permitting fees.
• EXISTING DRIVE THRU - Drive-thrus provide a quick and convenient option for customers to order and pick up food without leaving their vehicles, catering to busy individuals or those with limited time. Drive-thrus offer flexibility for businesses to pivot their operations in response to changing market conditions or consumer preferences, such as offering curbside pickup or mobile ordering.
• NEW CITY DEVELOPMENTS - Les Schwab Tire Centers began construction on a new site in June, less than a mile away from the subject property. The company offers products and services for tires, brakes, wheels, alignment, batteries, shocks and struts. In addition, Marshall will soon house a new, 500,000-square-foot biomanufacturing facility as part of a partnership between two climate technology and sustainable solutions companies. The project’s initial phase should create at least 40 permanent jobs, in addition to 100 temporary construction jobs, according to Solugen and ADM. Construction is expected to be completed by 2025.

Description

Prime Net Lease is pleased to present a prospecting Buyer the opportunity to own a ±1,150 SF, former Taco John's located in Marshall, Minnesota.

This former Taco John's is located in Marshall, Minnesota surrounded by several major national tenants. This site is located right across the street from Burger King and other nearby tenants include McDonald's, Jimmy John's, Arby's, Dairy Queen, Applebee's, Caribou Coffee, Starbucks, Casey's, Dollar Tree, Hobby Lobby, Sears, Walmart, and many others. Marshall is a regional center in southwest Minnesota, and the county seat of Lyon County. Marshall is the headquarters of the Schwan Food Company and the home of Southwest Minnesota State University (SMSU). Schwan's Company is one of the country's largest frozen-food companies. It is a $3 billion organization and Minnesota's third-largest privately held corporation, after Cargill and Carlson. It is also known for its frozen desserts and ice-cream manufacturing and distribution. Schwan employs about 1,500 people in Marshall. Marshall is also the site of Exelon Wind's Marshall Wind Project. SMSU is a four-year public university offering a high-quality education in the liberal arts and professions to prepare students for a life that is successful both personally and professionally. The university is located right next to this former Taco John's and had a 2022 student population count of 6,500+. Avera Marshall Regional Medical Center is also nearby whose facilities include a 76-bed long-term care facility, Avera Cancer Institute, emergency center, specialty physician clinics, imaging center and outpatient services center, all at the same convenient location.

Marshall is the heart of Southwest Minnesota. Serving as a regional hub, Marshall supports the region's workforce, employment base, healthcare, education, retail, and hospitality needs. The community is for those who want to not only want to see the horizon but want to help shape it. Everyone who lives, works, and visits Marshall appreciates the big city amenities that can be found within the micropolitan. Marshall's infrastructure consists of multiple highways, a regional airport and railway. This contributes to Marshall's increase in daytime population, reaching approximately 25,000. Marshall has 14,000+ residents living within 5 miles of the location with an average household income of $73,790 making it a perfect area for this redevelopment opportunity.

Marshall is a city in Lyon County, Minnesota. Marshall is a regional center in southwest Minnesota, and the county seat of Lyon County. U.S. Route 59 and Minnesota State Highways 19, 23, and 68 are four of the main routes in the city. The city is 150 km (93 mi) northeast of Sioux Falls, South Dakota and 238 km (148 mi) southwest of Minneapolis. The City of Marshall, selected as one of “The Best Small Towns in America” in 1993, 1995 and 2002, stands out as one of the most vibrant and progressive cities in southwestern Minnesota. As a leader in industry, education, and technology, Marshall enjoys a regional reputation for economic vitality.

Marshall is the headquarters of the Schwan Food Company and the home of Southwest Minnesota State University. The Schwan Food Company, headquartered in Marshall, is one of the largest frozen-food companies in the United States. It is a 4.2 billion dollar organization and is the third-largest privately held corporation in Minnesota after Cargill and Carlson. With approximately 22,000 employees worldwide, The Schwan Food Company has grown to become one of the largest producers of frozen pizza and egg rolls in the nation. The company is also known for its frozen desserts and premium ice cream manufacturing and distribution. Schwans employs approximately 1,500 people in Marshall. A large corn wet-milling facility operated by Archer Daniels Midland Company is located in Marshall. This was formerly run by a farmer's cooperative, Minnesota Corn Processors, but it merged with ADM in 2002. The plant employs 250 people. Runnings Farm and Fleet is a regional retail chain with headquarters in Marshall. Other major employers in the city are US Bancorp, Affiliated Community Medical Centers (ACMC), Avera Marshall Regional Medical Center, Hy-Vee, Shopko, Runnings Farm and Fleet, Menards, Walmart Supercenter, Southwest Minnesota State University, Turkey Valley Farms, and Marshall Public Schools. Southwest Minnesota State University is a public, four year liberal arts and professional studies institution. It has an enrollment of approximately 3,500 full-time students.

Documents